2023-12-19 01:48

Gold Intraday: intraday support around 2019.00.\ Pivot: 2019.00 Our preference: Long positions above 2019.00 with targets at 2033.00 & 2038.00 in extension. Alternative scenario: Below 2019.00 look for further downside with 2012.00 & 2004.00 as targets. Comment: The RSI is above its neutrality area at 50%. Crude Oil (WTI)‎ (G4)‎ Intraday: under pressure. Pivot: 73.75 Our preference: Short positions below 73.75 with targets at 72.10 & 71.60 in extension. Alternative scenario: Above 73.75 look for further upside with 74.60 & 75.40 as targets. Comment: The RSI calls for a drop. EUR/USD Intraday: the bias remains bullish. Pivot: 1.0890 Our preference: Long positions above 1.0890 with targets at 1.0945 & 1.0970 in extension. Alternative scenario: Below 1.0890 look for further downside with 1.0860 & 1.0830 as targets. Comment: The RSI is mixed to bullish. GBP/USD Intraday: watch 1.2615. Pivot: 1.2695 Our preference: Short positions below 1.2695 with targets at 1.2615 & 1.2585 in extension. Alternative scenario: Above 1.2695 look for further upside with 1.2725 & 1.2760 as targets. Comment: A break below 1.2615 would trigger a drop towards 1.2585. AUD/USD Intraday: range. Pivot: 0.6735 Our preference: Short positions below 0.6735 with targets at 0.6665 & 0.6635 in extension. Alternative scenario: Above 0.6735 look for further upside with 0.6770 & 0.6800 as targets. Comment: The upward potential is likely to be limited by the resistance at 0.6735. USD/JPY Intraday: the upside prevails. Pivot: 142.10 Our preference: Long positions above 142.10 with targets at 143.30 & 143.80 in extension. Alternative scenario: Below 142.10 look for further downside with 141.50 & 140.90 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-12-18 06:03

Crude Oil (WTI)‎ (F4)‎ Intraday: look for 73.80. Pivot: 71.15 Our preference: Long positions above 71.15 with targets at 73.00 & 73.80 in extension. Alternative scenario: Below 71.15 look for further downside with 70.60 & 70.00 as targets. Comment: The RSI advocates for further upside. Gold Intraday: turning down. Pivot: 2029.00 Our preference: Short positions below 2029.00 with targets at 2008.00 & 2000.00 in extension. Alternative scenario: Above 2029.00 look for further upside with 2038.00 & 2048.00 as targets. Comment: The RSI is bearish and calls for further decline. EUR/USD Intraday: the downside prevails. Pivot: 1.0950 Our preference: Short positions below 1.0950 with targets at 1.0860 & 1.0830 in extension. Alternative scenario: Above 1.0950 look for further upside with 1.0980 & 1.1010 as targets. Comment: A break below 1.0860 would trigger a drop towards 1.0830. GBP/USD Intraday: watch 1.2645. Pivot: 1.2730 Our preference: Short positions below 1.2730 with targets at 1.2645 & 1.2605 in extension. Alternative scenario: Above 1.2730 look for further upside with 1.2765 & 1.2795 as targets. Comment: A break below 1.2645 would trigger a drop towards 1.2605. AUD/USD Intraday: range. Pivot: 0.6730 Our preference: Short positions below 0.6730 with targets at 0.6665 & 0.6635 in extension. Alternative scenario: Above 0.6730 look for further upside with 0.6770 & 0.6800 as targets. Comment: The upward potential is likely to be limited by the resistance at 0.6730. USD/JPY Intraday: bullish bias above 141.40. Pivot: 141.40 Our preference: Long positions above 141.40 with targets at 142.80 & 143.55 in extension. Alternative scenario: Below 141.40 look for further downside with 140.90 & 140.50 as targets. Comment: Technically the RSI is above its neutrality area at 50.

2023-12-14 10:01

Crude Oil (WTI)‎ (F4)‎ Intraday: continuation of the rebound. Pivot: 69.00 Our preference: Long positions above 69.00 with targets at 70.35 & 71.10 in extension. Alternative scenario: Below 69.00 look for further downside with 68.00 & 67.35 as targets. Comment: The RSI advocates for further advance. Gold Intraday: the upside prevails. Pivot: 2008.00 Our preference: Long positions above 2008.00 with targets at 2039.00 & 2050.00 in extension. Alternative scenario: Below 2008.00 look for further downside with 2000.00 & 1991.00 as targets. Comment: The RSI shows upside momentum. EUR/USD Intraday: further upside. Pivot: 1.0830 Our preference: Long positions above 1.0830 with targets at 1.0910 & 1.0940 in extension. Alternative scenario: Below 1.0830 look for further downside with 1.0800 & 1.0770 as targets. Comment: The break above 1.0830 is a positive signal that has opened a path to 1.0910. GBP/USD Intraday: further advance. Pivot: 1.2565 Our preference: Long positions above 1.2565 with targets at 1.2655 & 1.2685 in extension. Alternative scenario: Below 1.2565 look for further downside with 1.2535 & 1.2500 as targets. Comment: The break above 1.2565 is a positive signal that has opened a path to 1.2655. AUD/USD Intraday: further advance. Pivot: 0.6605 Our preference: Long positions above 0.6605 with targets at 0.6700 & 0.6735 in extension. Alternative scenario: Below 0.6605 look for further downside with 0.6580 & 0.6550 as targets. Comment: Technically the RSI is above its neutrality area at 50. USD/JPY Intraday: the downside prevails. Pivot: 144.10 Our preference: Short positions below 144.10 with targets at 141.80 & 141.10 in extension. Alternative scenario: Above 144.10 look for further upside with 145.00 & 145.90 as targets. Comment: The RSI has broken down its 30 level.

2023-12-11 02:15

Gold Intraday: key resistance at 2014.00. Pivot: 2014.00 Our preference: Short positions below 2014.00 with targets at 2000.00 & 1994.00 in extension. Alternative scenario: Above 2014.00 look for further upside with 2020.00 & 2026.00 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (F4)‎ Intraday: bullish bias above 70.25. Pivot: 70.25 Our preference: Long positions above 70.25 with targets at 72.00 & 72.60 in extension. Alternative scenario: Below 70.25 look for further downside with 69.60 & 68.80 as targets. Comment: The RSI is above its neutrality area at 50%. EUR/USD Intraday: key resistance at 1.0785. Pivot: 1.0785 Our preference: Short positions below 1.0785 with targets at 1.0740 & 1.0725 in extension. Alternative scenario: Above 1.0785 look for further upside with 1.0800 & 1.0815 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. GBP/USD Intraday: key resistance at 1.2580. Pivot: 1.2580 Our preference: Short positions below 1.2580 with targets at 1.2520 & 1.2500 in extension. Alternative scenario: Above 1.2580 look for further upside with 1.2600 & 1.2615 as targets. Comment: As long as the resistance at 1.2580 is not surpassed, the risk of the break below 1.2520 remains high. AUD/USD Intraday: under pressure. Pivot: 0.6600 Our preference: Short positions below 0.6600 with targets at 0.6555 & 0.6540 in extension. Alternative scenario: Above 0.6600 look for further upside with 0.6620 & 0.6640 as targets. Comment: As long as the resistance at 0.6600 is not surpassed, the risk of the break below 0.6555 remains high. USD/JPY Intraday: further advance. Pivot: 144.00 Our preference: Long positions above 144.00 with targets at 145.70 & 146.30 in extension. Alternative scenario: Below 144.00 look for further downside with 143.30 & 142.50 as targets. Comment: The RSI is bullish and calls for further advance.

2023-12-08 02:46

USD/JPY Intraday: under pressure. Pivot: 145.20 Our preference: Short positions below 145.20 with targets at 143.10 & 142.50 in extension. Alternative scenario: Above 145.20 look for further upside with 145.75 & 146.35 as targets. Comment: As long as the resistance at 145.20 is not surpassed, the risk of the break below 143.10 remains high. Crude Oil (WTI)‎ (F4)‎ Intraday: key resistance at 70.40. Pivot: 70.40 Our preference: Short positions below 70.40 with targets at 68.80 & 68.00 in extension. Alternative scenario: Above 70.40 look for further upside with 71.40 & 72.00 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. EUR/USD Intraday: bullish bias above 1.0770. Pivot: 1.0770 Our preference: Long positions above 1.0770 with targets at 1.0815 & 1.0830 in extension. Alternative scenario: Below 1.0770 look for further downside with 1.0755 & 1.0740 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold Intraday: intraday support around 2020.00. Pivot: 2020.00 Our preference: Long positions above 2020.00 with targets at 2038.00 & 2043.00 in extension. Alternative scenario: Below 2020.00 look for further downside with 2014.00 & 2010.00 as targets. Comment: A support base at 2020.00 has formed and has allowed for a temporary stabilisation. GBP/USD Intraday: the upside prevails. Pivot: 1.2560 Our preference: Long positions above 1.2560 with targets at 1.2610 & 1.2630 in extension. Alternative scenario: Below 1.2560 look for further downside with 1.2540 & 1.2520 as targets. Comment: Technically the RSI is above its neutrality area at 50. AUD/USD Intraday: bullish bias above 0.6570. Pivot: 0.6570 Our preference: Long positions above 0.6570 with targets at 0.6625 & 0.6645 in extension. Alternative scenario: Below 0.6570 look for further downside with 0.6550 & 0.6525 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

2023-12-07 02:31

Crude Oil (WTI)‎ (F4)‎ Intraday: under pressure. Pivot: 70.75 Our preference: Short positions below 70.75 with targets at 68.00 & 67.00 in extension. Alternative scenario: Above 70.75 look for further upside with 72.00 & 72.90 as targets. Comment: As long as 70.75 is resistance, likely decline to 68.00. Gold Intraday: consolidation in place. Pivot: 2035.00 Our preference: Short positions below 2035.00 with targets at 2019.00 & 2010.00 in extension. Alternative scenario: Above 2035.00 look for further upside with 2043.00 & 2050.00 as targets. Comment: As long as 2035.00 is resistance, look for choppy price action with a bearish bias. EUR/USD Intraday: watch 1.0745. Pivot: 1.0800 Our preference: Short positions below 1.0800 with targets at 1.0745 & 1.0720 in extension. Alternative scenario: Above 1.0800 look for further upside with 1.0825 & 1.0845 as targets. Comment: A break below 1.0745 would trigger a drop towards 1.0720. GBP/USD Intraday: capped by a negative trend line. Pivot: 1.2605 Our preference: Short positions below 1.2605 with targets at 1.2530 & 1.2500 in extension. Alternative scenario: Above 1.2605 look for further upside with 1.2640 & 1.2670 as targets. Comment: The RSI lacks upward momentum. AUD/USD Intraday: watch 0.6535. Pivot: 0.6575 Our preference: Short positions below 0.6575 with targets at 0.6535 & 0.6515 in extension. Alternative scenario: Above 0.6575 look for further upside with 0.6600 & 0.6625 as targets. Comment: A break below 0.6535 would trigger a drop towards 0.6515. USD/JPY Intraday: bullish bias above 146.90. Pivot: 146.90 Our preference: Long positions above 146.90 with targets at 147.50 & 147.90 in extension. Alternative scenario: Below 146.90 look for further downside with 146.55 & 146.20 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.